Investors who bought Endava securities between September 4, 2025 and September 21, 2026 may be covered by proposed class actions alleging Endava did not disclose problems with its accounting for certain customer and supplier agreements and its internal controls. No class has been certified and there is nothing to file yet.
Allegations Only · No Settlement Yet
This article describes class action complaints. The statements below are unproven allegations. Endava plc and the individual defendants have not been found liable, there is no certified class, and nothing to claim at this time. This page is informational and is not legal advice.
What Is the Endava Lawsuit About?
Laguna v. Endava plc, No. 1:26-cv-08556, was filed September 29, 2026 in the U.S. District Court for the Southern District of New York. A second complaint by a different investor, Novak v. Endava plc, No. 1:26-cv-08608, was filed in the same court the next day, with the same class period and defendants. Endava, a London-based technology services and software engineering company incorporated in England and Wales, has American Depositary Shares that trade on the New York Stock Exchange as DAVA.The complaints allege that Endava reported its results and described its internal controls as effective while its accounting treatment for certain customer and supplier agreements needed further review. The cases follow a sharp drop in the shares after Endava placed its chief financial officer on administrative leave in September 2026. No court has ruled on any of the allegations.
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What the Complaints Say Investors Were Not Told
The class period begins September 4, 2025, when Endava reported results for its fiscal year ended June 30, 2025 and filed an annual report on Form 20-F stating that its internal control over financial reporting was effective. The Laguna complaint also points to the company’s quarterly results releases in November 2025 and February and May 2026. According to that complaint, the statements were false or misleading because they did not disclose that:- the accounting treatment for certain customer and supplier agreements and related matters required additional review
- as a result, Endava would delay the release of its fourth-quarter and full-year fiscal 2026 results
- there was reason to doubt the effectiveness of the company’s internal controls and procedures
The Novak complaint adds an allegation that the company’s publicly reported financial results might be materially false and misleading.
The September 2026 Disclosure and Stock Drop
After the market closed on September 21, 2026, Endava announced that its chief financial officer, Mark Thurston, had been placed on administrative leave on the recommendation of the board’s audit committee. As quoted in the complaints, the company said the leave was pending the outcome of an investigation by independent outside counsel for the committee, begun after the company’s outside auditors raised concerns about the accounting treatment of certain customer and supplier agreements and related matters. The Novak complaint says an interim chief financial officer was named.The Laguna complaint says the American Depositary Shares fell $0.68, or 24.37%, to close at $2.11 on September 22, 2026. The Novak complaint adds that the shares continued to fall, closing at $1.70 on September 24, 2026.
Claims and Who Is in the Proposed Class
Both complaints claim violations of Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5, and controlling-person liability under Section 20(a). The defendants are Endava plc, its chief executive officer John Cotterell, and Mark Thurston. The Laguna complaint defines the proposed class as everyone who purchased or otherwise acquired Endava securities between September 4, 2025 and September 21, 2026, inclusive; the Novak complaint describes the same period. A court has not certified the class.What Happens Next
Under the Private Securities Litigation Reform Act, investors who want to be appointed lead plaintiff must ask the court by November 30, 2026. When related securities suits are pending in the same court, the court commonly consolidates them and then picks a lead plaintiff and lead counsel. A consolidated or amended complaint usually follows, and defendants in securities cases commonly move to dismiss, which pauses discovery while the motion is pending.There is nothing to claim in the Endava case now. If it settles, investors in the settlement class would normally receive a notice and a claim form that asks for their trading records. Another IT services company, Globant, also faces an investor class action.
Questions
Is there an Endava settlement?
There is no settlement. Laguna v. Endava plc, No. 1:26-cv-08556, was filed September 29, 2026 in the U.S. District Court for the Southern District of New York, and a second complaint, Novak v. Endava plc, No. 1:26-cv-08608, followed on September 30, 2026. Both are at the complaint stage. No class has been certified and there is nothing to claim.
Who is covered by the Endava securities lawsuits?
The proposed class is investors who purchased or otherwise acquired Endava plc securities between September 4, 2025 and September 21, 2026, inclusive. Endava’s American Depositary Shares trade on the New York Stock Exchange as DAVA. A court has not certified the class.
What is the lead plaintiff deadline in the Endava case?
November 30, 2026. Under the Private Securities Litigation Reform Act, investors who want to be appointed lead plaintiff must ask the court by that date. The court generally presumes the movant with the largest financial interest is the most adequate plaintiff. Class members do not need to seek that role to remain part of the proposed class.
Why are there two Endava complaints?
Different investors filed separate complaints a day apart in the same court, with the same class period and the same defendants. When several securities suits are filed over the same events, courts commonly consolidate them and appoint one lead plaintiff to run the combined case.
Sources
• Laguna v. Endava plc, No. 1:26-cv-08556 (S.D.N.Y., filed September 29, 2026): class action complaint (PDF, CourtListener RECAP archive).• Novak v. Endava plc, No. 1:26-cv-08608 (S.D.N.Y., filed September 30, 2026): class action complaint (PDF, CourtListener RECAP archive).
The class period, allegations, quoted company statements and stock-price figures above are as stated in the complaints. The lead plaintiff deadline is 60 days after the first notice of the filing, as the Private Securities Litigation Reform Act requires; the 60th day fell on Saturday, November 28, 2026, so the deadline moves to the next business day.
